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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Market Moves more

Bank Nizwa IPO draws record subscription

Posted on 28 May 2012

Investment Management Group of Oman Arab Bank SAOC (OAB), Lead Issue Manager and Lead Underwriting Arranger for Bank Nizwa IPO, yesterday released the eagerly-awaited subscription figures for the Bank Nizwa IPO surpassing investment community guesses.
The initial compilation of figures of all four collecting banks show over 11.3 times subscription i.e over RO 681 million (subject to reconciliation) collected against an offer of RO 60 million through 37,084 applications………………………………………..Full Article: Source

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